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Post# of 34405
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firehorse

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firehorse

Re: GreenMan post# 34189

Sunday, 11/19/2017 12:08:46 PM

Sunday, November 19, 2017 12:08:46 PM

Post# of 34405
Incorrect. The company sold for what the market valued them at. Unfortunately that turned out to be about .05 after the initial merger consideration and deferred merger consideration are paid. That means those who bought under .05 either made money or broke even. There was plenty of money to be made here when this traded under .03. Penny stocks are tough but when they bottom the upside is good. POWN bottomed around .01 which turned out quite well for those who bought it at the lows. Averaging down paid off this time.

Too bad only a Chinese company was interested in all of POW! but so be it. Stan's legacy will live on with asian owners.
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